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My Prop Firm Strategy Testing Ground. - Investment (2) - Nairaland

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Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 6:29pm On May 25, 2023
Donsheddy:
STILL WITH GBPUSD BEARS TODAY...

SOLD AT 1.23592
SL 1.24052
TP 1.22659

RRR 1:2

DAY 9 DONE....

IM TIRED OF WATCHING CHARTS...

CLOSED TODAY WITH 40 PIPS PROFIT

+0.4%

$40
Re: My Prop Firm Strategy Testing Ground. by waze63(m): 6:55pm On May 25, 2023
Donsheddy:



Start with babypips any where you have questions ask me i will profer answer's

Yeah.... I'm on it alread
Been good so far
Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 7:12pm On May 25, 2023
waze63:


Yeah.... I'm on it alread
Been good so far

Nice bro... We all started from there...
Hope you know the journey will take a while
Re: My Prop Firm Strategy Testing Ground. by Samken2: 7:15pm On May 25, 2023
Donsheddy:
First trade bought gbpusd today

Joined at 1.24704
Stops 1.24244
Takes 1.25634
Rrr 1:2
Pls which indicators do u use
Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 7:20pm On May 25, 2023
Samken2:

Pls which indicators do u use

My eyes 😁😁...
I don't have any specific indicator.... But i trade based on market movement...
How price behaves at key levels.... Candle sticks formed ..
And i have sma that i just use to note key levels and gaps that needs to be filled
Re: My Prop Firm Strategy Testing Ground. by BrightFuture48: 7:53pm On May 25, 2023
Donsheddy:


DAY 9 DONE....

IM TIRED OF WATCHING CHARTS...

CLOSED TODAY WITH 40 PIPS PROFIT

+0.4%

$40
grin Seems you're finding it difficult to follow your exit rule.

If you continue intervening in your trades it will be very hard to ascertain the effectiveness of your strategy, perhaps you can change the exit time to 5 or 6 pm before retracement of the days movement set in.

Best of luck

1 Like

Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 7:21am On May 26, 2023
DAY 10

E NEVER TOO CLEAR BUT I WANT TO RESPECT EURGBP BEARS...
I DEY EXPECT STRONG SELL FROM THE GEE I MIGHT BE WRONG......

CUS DXY NEVER ALIGH YET........

MAKE I CHEAT ON GBPUSD BEARS TODAY HOPEFULLY SHE NO GO CATCH ME CON POUR ME ACID....

SO IM BUYING GU TODAY.....

ENTRY 1.23357
SL 1.22898
TP 1.24295

RRR IS 1:2

Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 10:40am On May 26, 2023
BrightFuture48:

grin Seems you're finding it difficult to follow your exit rule.

If you continue intervening in your trades it will be very hard to ascertain the effectiveness of your strategy, perhaps you can change the exit time to 5 or 6 pm before retracement of the days movement set in.

Best of luck
.

I'm trying bro...
But e no easy....
I just felt the market have done enough for the day that's why I closed...
God go help me 😁...
Thanks bro for the advice....
Re: My Prop Firm Strategy Testing Ground. by BrightFuture48: 12:01pm On May 26, 2023
Donsheddy:
.

I'm trying bro...
But e no easy....
I just felt the market have done enough for the day that's why I closed...
God go help me 😁...
Thanks bro for the advice....
Ameen. Fx is one hell thing to tame. But slowly and steady we will get there.

Well done bro.
Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 7:25pm On May 26, 2023
Donsheddy:
DAY 10

E NEVER TOO CLEAR BUT I WANT TO RESPECT EURGBP BEARS...
I DEY EXPECT STRONG SELL FROM THE GEE I MIGHT BE WRONG......

CUS DXY NEVER ALIGH YET........

MAKE I CHEAT ON GBPUSD BEARS TODAY HOPEFULLY SHE NO GO CATCH ME CON POUR ME ACID....

SO IM BUYING GU TODAY.....

ENTRY 1.23357
SL 1.22898
TP 1.24295

RRR IS 1:2

DAY 10

CLOSED MANUALLY WITH 20 PIPS PROFIT

+20

+0.20% PROFIT
Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 7:29pm On May 26, 2023
End Of Week 2 Result

5 trades this week.

Day 1 - 9 pips profit

Day 2 - 18 pips profit

Day 3 - 93 pips profit

Day 4 - 40 pips profit

Day 5- 20 pips profit

Total profits 9 + 18 + 93 + 40 + 20 = 180pips profit

Total loss = 0 pips

Closing profit = 180 - 0 = 180pips profit

Risking 0.46 % per trade with 0.1 lots...

Profit for the week = 1.80%

Max. Profit attained this week. = 2.15%

Max loss in a row = 0 %

D. D from initial starting balance = 0%

Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 9:04pm On May 26, 2023
Next Week...
I will start taking my trades in my prop challenge account....
Hopefully i no fumble and fall into the cold hands of emotions
Re: My Prop Firm Strategy Testing Ground. by BrightFuture48: 7:10am On May 27, 2023
Donsheddy:
Next Week...
I will start taking my trades in my prop challenge account....
Hopefully i no fumble and fall into the cold hands of emotions
If your confidence has been solidify, you have no problem. Just treat your next prop account as if you're still experimenting, don't attach too much importance to it.

Concentrate on these gains you're making here and how to eliminate the down side of it. Let your thinking only wrap in that direction because obviously you're doing great with this strategy. Continue with this and let your prop account be like slave account you're copying trades into.

The advantage would be that you will most likely open/copy trade that you absolute feel more confident about. And that will act as additional filter in making good quality trades in prop account.

So concentrate on this and don't let anything distract your attention.

Best of luck!

2 Likes

Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 8:48pm On May 28, 2023
BrightFuture48:

If your confidence has been solidify, you have no problem. Just treat your next prop account as if you're still experimenting, don't attach too much importance to it.

Concentrate on these gains you're making here and how to eliminate the down side of it. Let your thinking only wrap in that direction because obviously you're doing great with this strategy. Continue with this and let your prop account be like slave account you're copying trades into.

The advantage would be that you will most likely open/copy trade that you absolute feel more confident about. And that will act as additional filter in making good quality trades in prop account.

So concentrate on this and don't let anything distract your attention.

Best of luck!

Noted boss...
I will try to do that....

1 Like

Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 7:42am On May 30, 2023
DAY 11..

GBPUSD SOLD AT 1.23351
STOPLOSS AT 1.23811
TP AT 1.22415

RRRRRR 1.2

LET'S SEE HOW IT GOES

Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 10:20am On May 30, 2023
Donsheddy:
DAY 11..

GBPUSD SOLD AT 1.23351
STOPLOSS AT 1.23811
TP AT 1.22415

RRRRRR 1.2

LET'S SEE HOW IT GOES


STOP LOSS HIT -46 PIPS
Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 7:05am On May 31, 2023
DAY 12. ....
GBPUSD BOUGHT....

ENTRY 1.23874
STOPLOSS 1.23414
TAKE PROFIT 1.24810


RR 1:2

Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 9:50pm On May 31, 2023
Donsheddy:
DAY 12. ....
GBPUSD BOUGHT....

ENTRY 1.23874
STOPLOSS 1.23414
TAKE PROFIT 1.24810


RR 1:2

TRADE CLOSED MANUALLY WITH 50 PIPS PROFIT

+0.5%

Re: My Prop Firm Strategy Testing Ground. by Lordjjj: 7:43pm On Jun 01, 2023
MOD JUST BAN BAN ALL MY ACCOUNT WHILE I WAS TRYING TO POST MY ANALYSIS AND TRADE CALL TODAY....

ANY HOW SHA... I SOLD GU TODAY...

YOU KNOW THE REST NA HISTORY SL WAS PICKED....


SO -46 PIPS LOSS
Re: My Prop Firm Strategy Testing Ground. by Greatdober: 8:03pm On Jun 01, 2023
waze63:


Great... Wondering if you could help teach me one or two

Thanks
Do you still use deriv broker?
That's where I actually trade too
Re: My Prop Firm Strategy Testing Ground. by Lordjjj: 7:10am On Jun 02, 2023
Day 14

Gbpusd bought

Entry 1.25360
Stops 1.24900
Tp 1.26300

R 1:2
Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 6:50am On Jun 05, 2023
End Of Week 3 Result

4 trades this week.

Day 1 - No Trades Bank Holiday

Day 2 - 46 pips loss

Day 3 - 50pips profit

Day 4 - 46 pips loss

Day 5- 46 pips loss

Total profits 50 = 50pips profit

Total loss = 46 + 46 + 46 184 pips

Closing profit = 50 - 138 = 88pips loss

Risking 0.46 % per trade with 0.1 lots...

Profit for the week = -0.88%

Max. Profit attained this week. = 0.1%

Max loss in a row = 0.92%

D. D from initial starting balance = 0%

Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 7:17am On Jun 05, 2023

DAY 16
GBPUSD SOLD....

ENTRY AT 1.24223
SL AT 1.24643
AND TP AT 1.23280

RRR 1:2

Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 8:19pm On Jun 05, 2023
Donsheddy:

DAY 16
GBPUSD SOLD....

ENTRY AT 1.24223
SL AT 1.24643
AND TP AT 1.23280

RRR 1:2



TRADE CLOSED MANUALLY WITH 10 PIPS LOSS

-0.1%
Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 6:41am On Jun 07, 2023
DAY 18

GBPUSD SOLD

ENTRY 1.24205
SL 1.23666
TP 1.23250
RRR 1:2
Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 10:50am On Jun 07, 2023
Donsheddy:
DAY 18

GBPUSD SOLD

ENTRY 1.24205
SL 1.23666
TP 1.23250
RRR 1:2

TRADE CLOSED WITH PIPS LOSS....

BOUGHT GU NOW...


ENTRY 1.25330
Sl 1.24000
Tp 1.25300
Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 4:08pm On Jun 07, 2023
Donsheddy:


TRADE CLOSED WITH PIPS LOSS....

BOUGHT GU NOW...


ENTRY 1.25330
Sl 1.24000
Tp 1.25300
TRADE WAS CLOSED MANUALLY WITH 45 PIPS PROFIT
Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 9:15am On Jun 08, 2023

DAY 19

GBPUSD BOUGHT THIS MORNING


ENTRY 1.24544
SL 1.24085
TP 1.25480

RRR 1:2
Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 3:40pm On Jun 08, 2023
Donsheddy:
DAY 20

GBPUSD BOUGHT THIS MORNING


ENTRY 1.24544
SL 1.24085
TP 1.25480

RRR 1:2





TRADE CLOSED MANUALLY WITH 85 pips profit
Re: My Prop Firm Strategy Testing Ground. by Donsheddy: 7:43am On Jun 09, 2023

DAY 20

GBPUSD BOUGHT

ENTRY 1.25529
STOPLOSS 1.25069
Take profit 1.26470

Rrr 1:2

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